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Inverse Head and Shoulders

BTCUSDT is creating an inverse head and shouldersBTCUSDT: The price got a rejection from the weekly resistance on the 46k as I said on the previous analysis. On the daily timeframe (the upper one) the price is creating an inverse head and shoulders and its neckline is the 46k key level. On the 4h timeframe (the lower one) we can see a Pennant pattern, and the price is testing the static support on 0.5 - 0.618 Fibonacci level. Usually, when the price is in the accumulation phase below an important structure we will see a new breakout. How to approach? We are monitoring the market and will wait for a reaction on the 0.618 Fibonacci level (43k). we could see a deep retracement until the lower trendline. If the price is going to lose the dynamic support the next valid support is 40k. IF the price is going to have a breakout from the pennant and a CLEAR breakout from 46k, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
5
BTC:USD Target 5th wave target: $145kI don't usually disregard wicks but wave 2 was a black swan so in this rare case I'll make an exception. When you measure the 1st wave; the bodies of the weekly candles end perfectly in the high probability zone (golden pocket). If you project from the same place the wave 3 ends in the High probability zone for a 3rd (1.618 - 1.75). Wave 4 has hit the high probability zone (0.236 - 0.382) & is hinting at completion. Looking for a sensible wave 5 target; If you project the length of wave 1 from the end of wave 4 you get a target of around $149k. Other signs of strength include failure to make the median line & either of the 1:1 targets for the WXY correction. Key Points: Ignoring black swan wicks- High Probability zones reached for wave 2, 3 & 4 There is still a chance that wave 4 could turn into a triangle Risk of rejection on the daily EMAs Inverse Head & shoulders trade setting up Wave 4 appears to have failed to make the median line- a failure to hit the median line sets up a move equal to of greater than the move that preceded it The trade: Entry 1: 4h 244 EMA has now been tested from above. Can enter around here or wait for the 144 , 169, & 244 to cross bullish. Stop 1: Break and close below the 4h 244 EMA Entry 2: Inverse Head & Shoulders, enter on the breakout and retest of the neckline. Stop 2: Break and close back below the neckline Target: Head & shoulders: $63,300 Target: Failure to make median line: $69,000 Target: 5th wave: $149,000 Inverse Head & shoulders + EMAs Fib levels for wave 2 and 3 D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. DO NOT TRUST THIS ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key . Capital preservation above all else. These analysis take a considerable amount of time, consequently, I'm not taking any analysis requests. Please respect my time and don't ask; because I dislike having to reject you!
Long
by TribeWriter666
9
LTCUSDT is testing the 4h resistance The market had an important bounce on the Monthly key level and it created an ascending channel The price is testing the 4h resistance right now after the market created an inverse head and shoulders on the daily timeframe. How to approach? If the price is going to have a breakout from the 4h and weekly resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
BTCUSDT Inverse Head & ShoulderInverse head & shoulder is about to form in BTCUSDT. Overall Scenario is looking good in BTC, rather than any uncomfortable global scenario will change it. Possible a new all-time high is waiting for us. Weekly is also looking bullish. 42k zone is acting as good support, the break down of this support zone turns sentiments down & the inverse head & shoulder get invalid. 46k zone is strong resistance, breakthrough above this area leads BTC to higher valuses. Note:- Only a technical Analysis.
Long
by tradetaservice
ETH: USD Inverse head & shoulders, Target: $4,900Earlier in this cycle these were one of my favorite setups.. The win rate was ridiculous. Looking for a breakout and retest of the neckline. Should coincide with the 244 EMA SR flip on the daily. The Trade: Long: Entry: On the breakout and retest of the neckline Stop: 4h close back below the neckline Target: length of the head projected from the neckline. (Currently around $4900, +53%) D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. DO NOT TRUST THIS ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else. These analysis take a considerable amount of time, consequently, I'm not taking any analysis requests. Please respect my time and don't ask; because I dislike having to reject you
COINBASE:ETHUSDLong
by TribeWriter666
Bitcoin is in a pickle hereBINANCE:BTCBUSD BITSTAMP:BTCUSD Bitcoin is trying to keep going up, powered by this bullish sentiment, but is in a very important resistance between $44K and $46K where the gigantic head and shoulders may scare some technical investors. Despite this, the news are as bullish as they can be, like: Bitfinex Hackers Arrested, Russia To Legalize Crypto, Binance Invests In Forbes, Sequoia Invests In Polygon, And More Bitcoin found itself breaking the downside trendline a few days ago and it found great support over the big liquidity area of $34K and $37K. Plus, it might be finishing a 4 hour inverse head and shoulder taking it to the $48K range. So, still very bullish long term, but with sideline mindset for the rest of this first quarter. Trade with the head and keep doing it, no matter what.
BITSTAMP:BTCUSD
by CriptoJoe
Descending Inverse Head and Shoulders on The Graph!Hey traders, As you can see on the 1HR of The Graph (GRT). The price has formed an inverse head and shoulders with a descending neckline/ resistance. To find the inverse head and shoulders price breakout target, you measure the impulse move of the head and add it to the top of the neckline. This is cool and all but as a bonus, we additionally have a Bullish Divergence on the Momentum Oscillator (RSI)! This makes me really confident we will see a small recovery of +5% in the immediate short term. Set your TP for .437. Safe trading, -Pulkanator
Long
by Pulkanatir
AMD: Giving us a Technical Analysis class! MTFA analysis.Hello traders and investors! Let’s look at AMD today, as it has been doing many bullish candlestick/chart patterns all around. It is a real Technical Analysis class. To start our Multi Time Frame Analysis (MTFA), let’s take a look at the 1h chart. First, it triggered an Inverted Head & Shoulders chart pattern, reversing the previous bearish sentiment, and trading above the 21 ema again. A good bullish reversal sign. Now, we see that it is doing another chart pattern called Cup & Handle, another bullish chart pattern, and this reinforces the bullish thesis on AMD for the short-term. Now, let’s see the daily chart for more clues: In the D chart, AMD is trying to trigger a bullish pivot, by doing a higher high/low for the first time since it started its downfall. Recently, the 38.2% Fibonacci’s Retracement worked as a very good support level, and it seems the price respected this point, and it officially did a higher low (higher than the previous bottom near $ 100). Now, we are trying to break the $ 130 area, making it a true pivot point in the daily chart. There’re more clues in the weekly chart: In the weekly chart, we see that the support at $ 99s is a very good one, and when AMD retested it again two weeks ago, it bounced back up, and it did another bullish pattern, called Above the Stomach, which is a quite common pattern, but it seems few know it by its true name. The volume was great, probably among the top 10 highest volumes in the history of AMD. It seems AMD is quite bullish for now, but we must watch out for bearish patterns, and keep our eyes on the next resistance, which is the $ 141. If you liked this analysis, remember to follow me to keep in touch with my ideas. All the best to you.
NASDAQ:AMD
by Nathan_The_Finance_Hydra